Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2012
Summary of Significant Accounting Policies [Abstract]  
Inventories
                 
    June 30,
2012		     December 31,
2011		  
    (unaudited)        

Finished goods

   $ 1,714,190     $ 1,374,817  

Work in process

     164,765       145,300  

Raw materials

     588,832       240,423  
   

 

 

    

 

 

  
    $ 2,467,787     $ 1,760,540  
   

 

 

    

 

 

  

Inventories was net of reserve of $282,393 and $433,706 at June 30, 2012 and December 31, 2011, respectively.

Stock-Based Compensation
                 

Six months ended June 30,

   2012     2011  

Expected term (in years)

     4.0       4.0  

Expected volatility

     118.11 %     83.42 %

Risk free rate

     0.63 %     1.49 %

Expected dividends

     0.0 %     0.0 %